On Friday, February 18, 2011, Charter Oak Bank was closed by the California Department of Financial Institutions. The FDIC was named Receiver. Bank of Marin, Novato, CA acquired all deposit accounts, excluding certain brokered deposits.
The FDIC as Receiver for Charter Oak Bank, Napa, CA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 23, 2022 and has made all dividend distributions required by law.
Effective February 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: BANK OF MARIN
About Bank of Marin
All deposit accounts, excluding certain brokered deposits, were transferred to Bank of Marin, Novato, CA ("assuming institution"). Former Charter Oak Bank locations reopened as branches of Bank of Marin.
Your transferred deposits were separately insured from any accounts you may have already had at Bank of Marin for at least six months after the failure of Charter Oak Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank of Marin as long as the deposits are not pledged as collateral for loans.
Contacting Bank of Marin
You can contact Bank of Marin:
Bank of Marin
504 Redwood Blvd
Novato, CA 94947
Bank of Marin (www.bankofmarin.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (
4Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank